November 28, 2016 - By Richard Conner
In a a research note revealed to clients on Monday morning, Piper Jaffray stated it was upgrading FMC Corp (NYSE:FMC) stock from a “Underweight” to a “Neutral”.
Out of 19 analysts covering FMC Tech (NYSE:FMC), 9 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 47% are positive. $54 is the highest target while $31 is the lowest. The $44.47 average target is -19.34% below today’s ($55.13) stock price. FMC Tech has been the topic of 30 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Friday, July 15 the stock rating was maintained by Citigroup with “Neutral”. Oppenheimer initiated the stock with “Perform” rating in Tuesday, January 12 report. Cowen & Co maintained it with “Outperform” rating and $42 target price in Thursday, July 23 report. Macquarie Research maintained the stock with “Neutral” rating in Wednesday, October 14 report. The stock has “Underweight” rating given by Piper Jaffray on Monday, January 4. As per Friday, August 28, the company rating was downgraded by Longbow. Deutsche Bank maintained it with “Hold” rating and $45.0 target price in Friday, July 31 report. As per Thursday, July 23, the company rating was upgraded by Jefferies. Credit Suisse downgraded it to “Neutral” rating and $43 target price in Thursday, April 21 report. The company was maintained on Thursday, July 23 by Barclays Capital.
About 117,438 shares traded hands. FMC Corp (NYSE:FMC) has risen 29.15% since April 25, 2016 and is uptrending. It has outperformed by 23.14% the S&P500.
Analysts await FMC Corp (NYSE:FMC) to report earnings on February, 8. They expect $0.88 earnings per share, up 14.29% or $0.11 from last year’s $0.77 per share. FMC’s profit will be $117.32M for 15.66 P/E if the $0.88 EPS becomes a reality. After $0.67 actual earnings per share reported by FMC Corp for the previous quarter, Wall Street now forecasts 31.34% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.33, from 1.44 in 2016Q1. The ratio turned negative, as 22 funds sold all FMC Corp shares owned while 111 reduced positions. 66 funds bought stakes while 125 increased positions. They now own 119.58 million shares or 2.17% less from 122.23 million shares in 2016Q1.
Deltec Asset Management Limited Liability Co reported 6,000 shares or 0.07% of all its holdings. Guggenheim Cap Limited Liability Company owns 489,869 shares or 0.07% of their US portfolio. The California-based Utd Cap Advisers Limited Liability Company has invested 0% in FMC Corp (NYSE:FMC). Teachers Advsr last reported 0.02% of its portfolio in the stock. Nomura Asset Mgmt, a Japan-based fund reported 15,780 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0.01% or 10,709 shares in its portfolio. Whittier Tru Co Of Nevada Incorporated has invested 0.01% of its portfolio in FMC Corp (NYSE:FMC). The Illinois-based Aston Asset Mngmt Ltd Liability has invested 1.21% in FMC Corp (NYSE:FMC). Alliancebernstein Lp owns 240,967 shares or 0.01% of their US portfolio. State Bank Of Mellon Corp, a New York-based fund reported 1.49M shares. Denver Inv Ltd Liability Corp holds 249,871 shares or 0.52% of its portfolio. Tudor Et Al accumulated 62,850 shares or 0.06% of the stock. Cubist Systematic Strategies Ltd Liability Co accumulated 0.03% or 12,609 shares. Fjarde Ap accumulated 0.02% or 23,041 shares. Twin Tree Management Lp has 34,429 shares for 0.02% of their US portfolio.
Insider Transactions: Since June 13, 2016, the stock had 0 insider buys, and 1 insider sale for $700,911 net activity. UTECHT ANDREA E sold $700,911 worth of FMC Corp (NYSE:FMC) on Monday, June 13.
FMC Corporation is a diversified chemical firm serving agricultural, consumer and industrial markets. The company has a market cap of $7.35 billion. The Firm operates through three business divisions: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. It has a 302.73 P/E ratio. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.
According to Zacks Investment Research, “FMC Corporation is one of the world’s leading producers of machinery and chemicals for industry and agriculture. The Company operates in three distinct business segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals. Agricultural Products provides crop protection and pest control products. Specialty Chemicals includes food ingredients that are used to enhance structure, texture and taste. Industrial Chemicals encompasses a wide range of inorganic materials.”
FMC Corporation, incorporated on August 10, 1928, is a diversified chemical firm serving agricultural, consumer and industrial markets. The Firm operates in three business divisions: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals. The FMC Health and Nutrition segment focuses on nutritional ingredients, health excipients and functional health ingredients. The Company’s FMC Lithium segment makes lithium for use in a range of lithium products.
More notable recent FMC Corp (NYSE:FMC) news were published by: Fool.com which released: “Lithium Stock Investors: FMC Corp. Kicked Off the Industry’s Q3 Earnings …” on November 10, 2016, also Prnewswire.com with their article: “FMC Corporation and BASF Announce Agreement to Bring Next Generation of Crop …” published on November 07, 2016, Bna.com published: “FMC Corp. Sued Over 401(k) Stake in Sequoia Fund, Valeant” on November 22, 2016. More interesting news about FMC Corp (NYSE:FMC) were released by: Prnewswire.com and their article: “FMC Corporation Signs Long-term Lithium Carbonate Supply Agreement with …” published on October 31, 2016 as well as Pionline.com‘s news article titled: “FMC Corp. sued over DC plan investment in Sequoia Fund” with publication date: November 23, 2016.
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